The Other Side of Life 24/7: 11/25/14

Tuesday, November 25, 2014

Daily Investor Briefing: Wall Street ends near flat after...

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11/25/2014

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Wall Street ends near flat after mixed economic data

NEW YORK (Reuters) - U.S. stocks ended little changed on Tuesday as the U.S. economy grew more than expected last quarter but soft readings on consumer confidence and house prices kept major indexes in a tight range.

U.S. economy resilient in Q3 as global growth cools

WASHINGTON (Reuters) - The U.S. economy grew at a much faster pace than initially thought in the third quarter, pointing to strengthening fundamentals that should help it weather slowing global demand.

Weak enterprise demand hurts HP's fourth-quarter revenue

(Reuters) - Hewlett-Packard Co reported a 2.5 percent drop in quarterly revenue, hurt by weak sales to enterprise customers.

U.S. consumer confidence falls in November to lowest since June

(Reuters) - U.S. consumer confidence fell in November to its lowest level since June as optimism waned in the short-term outlook for business conditions and jobs, according to a private sector report released on Tuesday.

Oil futures fall as Venezuela says no output cut from Tues meeting

(Reuters) - Crude oil futures extended their losses on Tuesday after Venezuela said officials at a meeting with Saudi Arabia's oil minister did not agree on any output cut.

U.S. Fed plans enhanced capital standards for GE unit

WASHINGTON (Reuters) - The U.S. Federal Reserve on Tuesday proposed to impose tougher capital standards on General Electric's finance unit, one of a handful of non-bank firms deemed critically important to the health of the financial system.

Delta's breakaway pilots' union struggles in attempt to replace existing union

(Reuters) - A group of Delta Air Lines pilots seeking to replace the current pilots' union at the U.S. carrier are struggling to win enough support.

Wal-Mart U.S. chief merchandiser departs just before Black Friday

(Reuters) - Wal-Mart Stores Inc said its U.S. chief merchandising officer was leaving the company in a management shuffle just as the crucial holiday shopping season kicks into gear.

Chesapeake Energy loses in $1.3 billion bond dispute appeal

NEW YORK (Reuters) - A divided federal appeals court said Chesapeake Energy Corp had no right to redeem $1.3 billion of notes early at a favorable price, saying the second-largest U.S. natural gas company waited too long to tell investors of its plans.

Falcone steps down as CEO from Harbinger

BOSTON (Reuters) - Philip Falcone, once one of the world's most closely watched investors, is stepping down as chairman and chief executive of Harbinger Group Inc. next month to focus on his hedge fund and another publicly traded company.